PCSV Reports FY2013 Annual Results

Year over Year improvements in revenues and decreased operating costs combined with new potential partnerships – positive indicators for PCSV.

July 8, 2013. PCS Edventures, Inc. today announced FY2013 revenues of $2,934,598 for the fiscal year ended March 31,  2013, which represents an increase of 26% year over year for the same time period in FY2012.  The chart below illustrates the revenue history.

 

PCSV continues to balance growth with fiscal economy to produce bottom line results.

Illustrating the effectiveness of tight fiscal policies implemented in 2012, the Company was able to reduce operating expenses by $908,806 (31%) over last fiscal year as a result PCSV was able to use operating cash more effectively, resulting in a loss of ($41,499) during the year compared to the previous year’s loss of ($543,736).

The chart below illustrates net cash flow used by operating activities.

 

PCSV Net Cash Used by Operating Activities

PCSV continues to balance growth with fiscal economy to produce bottom line results.

Jolene Anderson

Investor Relations

PCS Edventures, Inc.